Gate News message, April 25 — Google and Anthropic have reached a new investment agreement with Google committing $10 billion in immediate cash at a $350 billion pre-money valuation, according to Beating monitoring. An additional $30 billion will be deployed once Anthropic reaches specific performance milestones, which the company has not disclosed. Google also pledged to provide 5 gigawatts of new data center capacity through Google Cloud over the next five years.

This represents Google's largest single investment in Anthropic since 2022, when the company began its backing. Google has cumulatively invested approximately $3.3 billion in Anthropic to date. Anthropic's annualized revenue has surged from $9 billion at the end of last year to over $30 billion. In February 2026, Anthropic completed a $30 billion funding round at a $380 billion post-money valuation led by Singapore's GIC and Coatue, with participation from Microsoft and Nvidia. In mid-April, multiple venture capital firms attempted to invest at valuations exceeding $800 billion, but Anthropic declined further funding rounds. Google's entry at $350 billion valuation reflects a strategic pricing approach closer to a compute-for-equity model.

The agreement follows Amazon's concurrent commitment to invest $5 billion upfront with an additional $20 billion to follow, contingent on Anthropic purchasing over $100 billion in chips and computing power from Amazon. Both cloud giants are simultaneously backing Anthropic while Google continues developing its competing Gemini model line. Anthropic is considering an IPO as early as October 2026.